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Dec 6, 2012
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it is in the house. the issue of the fiscal cliff, what's it mean? it is probably the most known phrase in politics. they say, you have to wait for everything. people understand you have to do a piece of the puzzle. you can do it today. the opportunity to keep this economy moving, it has done very well the last few years. we always wait for the big deal and something never happens. this is a chance for the middle class tax cut. i would encourage every day, what is holding it out? -- it up? you will see yourself getting a tax cut for the remainder of next year if we just move them forward. again, it is finished of the senate side. >> i want to thank my colleagues for the leadership on the steering committee in this area. we have senator olympia snowe, bill kristol of the weekly standard, like simpson of idaho. david brooks. walter jones. the national review. we're here to say that passing the middle class tax cut is the right thing to do. you don't need to take our word for it. 2/3 of the american public agree with us. you don't need to take that word
it is in the house. the issue of the fiscal cliff, what's it mean? it is probably the most known phrase in politics. they say, you have to wait for everything. people understand you have to do a piece of the puzzle. you can do it today. the opportunity to keep this economy moving, it has done very well the last few years. we always wait for the big deal and something never happens. this is a chance for the middle class tax cut. i would encourage every day, what is holding it out? -- it up? you...
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Dec 4, 2012
12/12
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fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential. there's no way mathematically, if you look at the republican's proposal, that you can get to the deficit reduction that we need to with preserving the middle class tax cuts by not increasing as the republicans refuse to do the upper tier rates. there's room for discussion, but that -- >> so the 39.6%, that's not a red line? >> as far as i know and the conversations i've had, the president has said there's room for compromise, but for the red line to be drawn in the sand by republicans to say that an increase in rates on the wealthiest a
fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential. there's no way...
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Dec 4, 2012
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democratic caller in new york, what the make of the house gop. don the fiscal cliff? caller: would like to add something on the matter of taxes. it has been recommended, some years ago by a wall street banker, to have a 1% wealth tax from capital accumulation. someone that house $100,000 would pay $1 and dollars. a flat tax with everyone in. -- would pay $1,000. the good raise a tremendous amount of money even if the income tax rates went down. and this wondering if anyone would be in favor of such a tax. it would be a flat tax. as far as social security is concerned, i do not hear anything about the amount being raised. i think it is $110 and they could easily raise that and raise money there. -- i think it is $110,000. everyone under the wealth accumulation tax would pay that during their lifetime. i just wanted to throw that out as a possibility. host: and other baubles from the york. -- another bob. caller: and is wondering why the rich cannot pay their fair share. i live in upstate new york. the toll is at $10 and because i do not have some kind of sticker on my
democratic caller in new york, what the make of the house gop. don the fiscal cliff? caller: would like to add something on the matter of taxes. it has been recommended, some years ago by a wall street banker, to have a 1% wealth tax from capital accumulation. someone that house $100,000 would pay $1 and dollars. a flat tax with everyone in. -- would pay $1,000. the good raise a tremendous amount of money even if the income tax rates went down. and this wondering if anyone would be in favor of...
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Nov 29, 2012
11/12
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to add vert the fiscal cliff scheduled for tomorrow, but, guess what? the president will not be attending it, secretary tim geithner will. regardless of the -show tomorrow, president obama is hopeful to get a deal done by christmas, not inspiring confidence for pushing small businesses as key democrati leaders refuse to put entitlements on the table. for more on all of this, republican congressman langford of oklahoma. congressman, welcome back, always great to have youere. >> thank y very much. gerri: president with strong words for congress. here's what he had to say. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next wreer. right now, as we speak, coness can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. gerri: there's the president calling out congress. what do you have to say, congressman? >> yeah, here we go in the middle of this. the house passed all our tax things in april. we passed the sequestering documents in may. we waited for the sena
to add vert the fiscal cliff scheduled for tomorrow, but, guess what? the president will not be attending it, secretary tim geithner will. regardless of the -show tomorrow, president obama is hopeful to get a deal done by christmas, not inspiring confidence for pushing small businesses as key democrati leaders refuse to put entitlements on the table. for more on all of this, republican congressman langford of oklahoma. congressman, welcome back, always great to have youere. >> thank y...
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Nov 30, 2012
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a campaign-style event to sort of drum up support for what the white house wants to do on fiscal cliff. you know, the president after he won re-election essentially said i know lots of you didn't vote for me. i've listened to you. i take your concerns to heart and we're going to move forward. does that apply to congressional republicans, kristen? does he hear what john boehner has to say? does he internalize it? do we hear something acknowledging republican resistance to what he laid out today in pennsylvania or not? >> reporter: well, i think he certainly is hearing and listening to john boehner, but he also believes that he has the upper hand having just won re-election and this trip to pennsylvania today is sort of a larger pr campaign that the president and the white house have been embarking on to get voters, to pressure congressional republicans to get onboard with the president's plan of increasing taxes on wealthier americans. he's traveling to pennsylvania today. he has had had business leaders here at the white house, also leaders of the progressive movement to sort of build
a campaign-style event to sort of drum up support for what the white house wants to do on fiscal cliff. you know, the president after he won re-election essentially said i know lots of you didn't vote for me. i've listened to you. i take your concerns to heart and we're going to move forward. does that apply to congressional republicans, kristen? does he hear what john boehner has to say? does he internalize it? do we hear something acknowledging republican resistance to what he laid out today...
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Dec 4, 2012
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to the negotiations on what's called the fiscal cliff and the republican counteroffer from yesterday coming january. in the meantime a look at the republican plan with oklahoma republican tom cole from this morning's washington journal. >> host: we want to welcome back to the table congressman tom cole, republican of oklahoma. let's begin with the news. house speaker john boehner sent a proposal to the white house yesterday, counterbid as it is being called. what do you think? >> guest: i think it is a great opening start. actually it makes very tangible with the speaker committed to after the election which is we are going to put it on the table so that question is settled and we are not talking about how much and what way, but that is an enormous step forward honestly by the republicans or concessions. not something we want to do but something we recognize we have to do to get there. so i think the speaker's proposal directs us to words what some of the problems are which are entitlement spending. that is what is driving the debt and we can't pussyfoot around it. we can't solve it
to the negotiations on what's called the fiscal cliff and the republican counteroffer from yesterday coming january. in the meantime a look at the republican plan with oklahoma republican tom cole from this morning's washington journal. >> host: we want to welcome back to the table congressman tom cole, republican of oklahoma. let's begin with the news. house speaker john boehner sent a proposal to the white house yesterday, counterbid as it is being called. what do you think? >>...
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Nov 30, 2012
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fiscal cliff and achieving an approach the white house says it wants. i made clear that we put real concessions on the line by putting revenues on the table right upfront. unfortunately, many democrats continue to rule out spending cuts that must be part of any significant agreement will reduce our deficit. mr. bowles himself said yesterday there has been no serious discussion so far. there is a real danger of going off the fiscal cliff. going off the fiscal cliff will hurt our economy. it will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's debt crisis and get our economy going again and to create jobs. right now all eyes are on the white house. the country does not
fiscal cliff and achieving an approach the white house says it wants. i made clear that we put real concessions on the line by putting revenues on the table right upfront. unfortunately, many democrats continue to rule out spending cuts that must be part of any significant agreement will reduce our deficit. mr. bowles himself said yesterday there has been no serious discussion so far. there is a real danger of going off the fiscal cliff. going off the fiscal cliff will hurt our economy. it will...
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Dec 5, 2012
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following the latest on the fiscal cliff fiasco. congress is facing the issue of the fiscal cliff and other tough economic decisions. why did just today republican leadership cancel tomorrow's session allowing the house to leave town with three days left on the legislative calendar? i'll talk with two democratic members of congress just and allyson schwartz and john yarmuth. i'll talk to roger simon. he has a scathing new column out on republicans. roger says, quote, listen to this, republicans have found their stab in the back. it was the minorities what done them in. that's what he wrote. we'll ask him about it. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car repla
following the latest on the fiscal cliff fiasco. congress is facing the issue of the fiscal cliff and other tough economic decisions. why did just today republican leadership cancel tomorrow's session allowing the house to leave town with three days left on the legislative calendar? i'll talk with two democratic members of congress just and allyson schwartz and john yarmuth. i'll talk to roger simon. he has a scathing new column out on republicans. roger says, quote, listen to this, republicans...
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Dec 3, 2012
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approving the fiscal cliff. the gop plan would cut $2.20 trillion. there is a combination of spending cuts, entitlement reform, and new revenue. to read the letter, go to our web site, c-span.org, and click on the link. the republicans say their proposal is based on a plan from a former chief of staff which is different from the plan offered from the simpson bolls commission. here is a look at how the recommendations from the simpson bolls commission -- simpson- bowles commission is being used. host: at the table now, paul simpson-bowles -- simpson- bowles first put out their plan. for dulles trillion in death as a reduction over 10 years. -- $4 trillion in deficit reduction over 10 years. when they put this out, what was the reaction? guest: republicans in congress were lukewarm to the plan. president obama praised the effort, and cautiously said nice things about the effort, but did not embrace it. host: bring us up to present day. two years have elapsed. the fiscal cliff is upon us. now we see the two lead of
approving the fiscal cliff. the gop plan would cut $2.20 trillion. there is a combination of spending cuts, entitlement reform, and new revenue. to read the letter, go to our web site, c-span.org, and click on the link. the republicans say their proposal is based on a plan from a former chief of staff which is different from the plan offered from the simpson bolls commission. here is a look at how the recommendations from the simpson bolls commission -- simpson- bowles commission is being used....
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new developments tonight in the fiscal cliff negotiations. republicans are pushing back hard. against president obama and the democrats over what will be in whatever deal they craft to avoid the implementation of the automatic spending cuths and tax increases. chief white house correspondent ed henry is live with details. good evening, ed. >> tonight we have new details of exactly what treasury secretary geithner laid out to republicans in the big meeting earlier today is. the republican aides tell mike emanuel there was a lot of detail about the new tax increases. $1.6 trillion in new tax increases from the new rate, capital gain, dividends as well. new spending, starting with $50 billion next year. the white house is countering that is leftover stuff from the president american jobs act. not really spending. nonetheless, the republican aides on the hill saying this is a nonstarter to them. white house aide i just spoke to said that this is not new. this is the president's original budget framework going to september of 2011. they say inside the white house tonight the real p
new developments tonight in the fiscal cliff negotiations. republicans are pushing back hard. against president obama and the democrats over what will be in whatever deal they craft to avoid the implementation of the automatic spending cuths and tax increases. chief white house correspondent ed henry is live with details. good evening, ed. >> tonight we have new details of exactly what treasury secretary geithner laid out to republicans in the big meeting earlier today is. the republican...
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Nov 30, 2012
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top republican literally chuckles at the white house offer on the fiscal cliff. where do we go from here? >>> the man in the middle, ambassador jon huntsman, what he has to say about his party post election and why he's defending susan rice on benghazi when so many other republicans are piling it on. >>> god deed gone viral, hero cop who bought boots for a homeless man on a cold new york city night. >> it is friday, november 30th. "starting point" begins right now. >>> our "starting point this morning, no tangible progress here in the fiscal cliff talks. the tone is turning nasty now. 32 days until the tax rates soar, spending gets slashed and congress, guess what, they break for the holidays in two weeks. >> this is where things stand right now. the president unveiling a plan that calls for $1.6 trillion in tax hikes, hikes, and $50 billion in new -- that's right, new infrastructure spending. he will use the manufacturing plant in pennsylvania as a backdrop today to try to sell this plan. republicans sure aren't buying it yet. they want to hear about spending cu
top republican literally chuckles at the white house offer on the fiscal cliff. where do we go from here? >>> the man in the middle, ambassador jon huntsman, what he has to say about his party post election and why he's defending susan rice on benghazi when so many other republicans are piling it on. >>> god deed gone viral, hero cop who bought boots for a homeless man on a cold new york city night. >> it is friday, november 30th. "starting point" begins right...
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Dec 1, 2012
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some very insightful reporting. >>> 31 days out to the fiscal cliff. we will go live to see what the president is saying to house leaders and whether that will keep us any further away from the edge. >>> also, how did the president capture the latino vote? was it as simple as embracing immigration reform or was it something else? we'll talk about that, as well. you're watching msnbc, the place for politics. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills.
some very insightful reporting. >>> 31 days out to the fiscal cliff. we will go live to see what the president is saying to house leaders and whether that will keep us any further away from the edge. >>> also, how did the president capture the latino vote? was it as simple as embracing immigration reform or was it something else? we'll talk about that, as well. you're watching msnbc, the place for politics. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain...
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Dec 3, 2012
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public opinion on their side over negotiations against house republicans on the so-called fiscal cliff. the president himself tweeted out plans for the q and a a short time ago saying he'll answer questions about the cliff, his proposal and pending tax hikes on the official white house twitter feed. press secretary jay carney insisted the white house is still optimistic it can reach a deal with congressional republicans. >> there has been progress, and we can achieve a bipartisan agreement. the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2%. >> and there are just 29 days to go for the two parties to find some sort of middle ground, and joining me now from the white house nbc news correspondent kristen welker. what's the back story on this it twitter q and a for the president, which should start any minute now? >> reporter: that's right. this is part of president obama's full court press to get the public on board to pressure republicans to sign
public opinion on their side over negotiations against house republicans on the so-called fiscal cliff. the president himself tweeted out plans for the q and a a short time ago saying he'll answer questions about the cliff, his proposal and pending tax hikes on the official white house twitter feed. press secretary jay carney insisted the white house is still optimistic it can reach a deal with congressional republicans. >> there has been progress, and we can achieve a bipartisan...
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Dec 5, 2012
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the fiscal cliff. dissension within the ranks. it seems not all republican lawmakers and conservative groups are in lockstep with john boehner. earlier i spoke with one gop house member who hasn't been on the same wave length as the speaker recently. he's in senior leadership. here's what deputy whip congressman tom cole told me about those who in the party say taxes shouldn't be on the table. >> for those who say we're putting revenue on the table, the american people did that when they elected, you know, the president and a democratic senate again. again, they have to agree to a deal or tax rates on everybody go up. i think we shouldn't -- we should do everything we can to avoid that for as many people as we possibly can. >> "outfront" tonight, grover norquist, whose anti tax pledge signed by most sitting republican lawmakers on capitol hill has been a major point of contention in this debate. grover, let me start by asking you something congressman tom cole said. he said it's the american people who spoke. this was central to t
the fiscal cliff. dissension within the ranks. it seems not all republican lawmakers and conservative groups are in lockstep with john boehner. earlier i spoke with one gop house member who hasn't been on the same wave length as the speaker recently. he's in senior leadership. here's what deputy whip congressman tom cole told me about those who in the party say taxes shouldn't be on the table. >> for those who say we're putting revenue on the table, the american people did that when they...
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. >> pushing to avert the fiscal cliff. house republicans hours before the president's trip, pushed back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being the top 2% or the wealthy people in america, ignores the way most small businesses work in america. >> this political fight's over policy, but if you weren't paying attention, you would wear that the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. we're months removed from the 2012 election, but governor rounds is looking forward to 2017. while 2014's a long way away, 2013 is just beyond the horizon, that's when chris christie -- >> i don't want to leave now. we have a job to do. that job won't be finished by next year. >> it may be the holiday season, but it seems there is no holiday from campaign politics. >> thanks, paul. >>> well, the priority for congress and the white house tomorrow, making head way on the fisc
. >> pushing to avert the fiscal cliff. house republicans hours before the president's trip, pushed back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being the top 2% or the wealthy people in america, ignores the way most small businesses work in america. >> this political fight's over policy, but if you weren't paying attention, you would wear that the presidential election was still going on. while the fiscal cliff battle plays out,...
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when it comes to just pure optics of the house leaving with the fiscal cliff right in front of us -- >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> in fact, sending lawmakers home is a way for house republicans to illustrate their current message, your move, mr. president. >> we need a response from the white house, we can't negotiate with ourselves. >> john boehner made a point at expressing dismay the president hasn't responded two days after the republicans sent him a fiscal cliff counteroffer. >> if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. and a plan that can pass both chambers of congress. >> by trying to keep gop frustration on the president, boehner appears to be keeping conservative lawmakers off his own back for now. >> what's mood inside the conference. >> very united, very supportive with the speaker. >> multiple sources tell cnn in a private meeting with house republicans, boehner got no flow back for producing
when it comes to just pure optics of the house leaving with the fiscal cliff right in front of us -- >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> in fact, sending lawmakers home is a way for house republicans to illustrate their current message, your move, mr. president. >> we need a response from the white house, we can't negotiate with ourselves. >> john boehner made a point at...
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cliff. >> it doesn't matter. they're going to sit there for, what, 90 minutes, 30 minutes, 15? >> 90 minutes is excruciating. >> 90 minutes with mitt romney regardless of the person who's there would be pretty awkward. >> i think it's a good thing. i don't care what you all think anymore. >> he's over us. >> i do care about the 47 million people -- or 47% who voted for romney. i do care about you guys, right? that's cool. >>> up next, what women stand to lose in the fiscal fiasco. now president terry o'neill is in the guest spot. [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action
cliff. >> it doesn't matter. they're going to sit there for, what, 90 minutes, 30 minutes, 15? >> 90 minutes is excruciating. >> 90 minutes with mitt romney regardless of the person who's there would be pretty awkward. >> i think it's a good thing. i don't care what you all think anymore. >> he's over us. >> i do care about the 47 million people -- or 47% who voted for romney. i do care about you guys, right? that's cool. >>> up next, what women...
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it's 29 days until the nation could fall off the fiscal cliff are the two sides closer, to avoid the massive tax increases and budget cuts? not according to house speaker john boehner. >> right now i would say we're nowhere. period. we're nowhere. >> the only thing standing in the way of that would be a refusal by republicans to accept the rates that are going to have to go up on wealthiest americans. i don't really see them doing that. >> nbc news white house correspondent, mike viquiera joining me now. treasury secretary timothy geithner, president obama's point man in these fiscal cliff negotiations, ran the gauntlet this morning. he appeared on all five sunday talk shows, including "meet the press" of course, what else did he say? >> craig, you know if we're in the posturing stage and a lot of people think we're still in the posturing stage with, 29 or 30 days to go. we better hope that they're just posturing, because after the period of optimism, the post-election talk of compromise, you remember john boehner came out the day after the election, the president spoke about comprom
it's 29 days until the nation could fall off the fiscal cliff are the two sides closer, to avoid the massive tax increases and budget cuts? not according to house speaker john boehner. >> right now i would say we're nowhere. period. we're nowhere. >> the only thing standing in the way of that would be a refusal by republicans to accept the rates that are going to have to go up on wealthiest americans. i don't really see them doing that. >> nbc news white house correspondent,...
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and the fiscal cliff is negotiated, let's hope so, with some sort of solution. this issue is an issue for later in 2013 or maybe even in the second year of an obama administration, because the prospects of making it work now, michael, are slim to none. >> and so it goes on when it comes to israeli palestinian conflict. thanks so much. good to get your thoughts. aaron david miller from the woodrow wilson international center. good to chat with you. >>> the u.s. has fought a hard battle against terrorism over the years and its primary opponent has been recently al qaeda. now we are learning more about the activities of one of its affiliates, a dangerous one in yemen. we'll have a live report. do stay with us. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is goi
and the fiscal cliff is negotiated, let's hope so, with some sort of solution. this issue is an issue for later in 2013 or maybe even in the second year of an obama administration, because the prospects of making it work now, michael, are slim to none. >> and so it goes on when it comes to israeli palestinian conflict. thanks so much. good to get your thoughts. aaron david miller from the woodrow wilson international center. good to chat with you. >>> the u.s. has fought a hard...
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let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's most honored president. last year during the debt ceiling debate on capitol hill, mccarthy tried to rally republicans behind
let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even...
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let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's most honored president. last year during the debt ceiling debate on capitol hill, mccarthy tried to rally republicans behind john boehner's plan with this clip from the town. >> i need your help. i can't tell you what it is. you can never ask me about it later. we are going to hurt some people. >> whose car are we going to take? >> if you haven't seen the movie, two characters go to beat up a guy. mccarthy showed a clip where a thief emphasized not asking questions in a situation where people were going to get hurt. mccarthy also organized the republican screening of mo
let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's...
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reaches the so-called fiscal cliff. and only 19 of those are business days. as yet there's been no counteroffer from the gop but today "the wall street journal" advises republicans to say the course writing given the political difficulty of reforming entitlements republicans are right to try get mr. obama's fingerprints on a deal this year. if mr. obama won't agree to these demin muss reforms republicans should let mr. obama own the debt crisis he has done so much to create. conservative commentator bill crystal says they're making a dangerous gamble. >> republicans are at risk in my view now of looking like they're defending, keeping the current tax rates for the wealthy. end of the day president obama is selling a simple message, i want to keep taxes low for middle-class americans and republicans look like -- i'm worried are in the position offiof ing -- looking as fe the don't care about middle class. >> joining us is the sage of capitol hill, boat shoe enthusiast and celebrity doppelganger, nbc's luke russert. >> go
reaches the so-called fiscal cliff. and only 19 of those are business days. as yet there's been no counteroffer from the gop but today "the wall street journal" advises republicans to say the course writing given the political difficulty of reforming entitlements republicans are right to try get mr. obama's fingerprints on a deal this year. if mr. obama won't agree to these demin muss reforms republicans should let mr. obama own the debt crisis he has done so much to create....
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for the first time, we're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless the white house and the republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica yellin is over at the white house for us tonight with new developments. jessica, what are the specifics of this offer tonight? >> reporter: hi, wolf. according to senior officials on both sides of the aisle, the president is asking for $1.6 trillion in new taxes. that includes raising taxes for families who make $250,000 or more. you'll recognize that as a pledge from his campaign. and it also includes limiting deductions and loopholes as well as other changes to capital gains and dividends taxes. well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they
for the first time, we're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless the white house and the republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica...
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cliff. it included $1.6 trillion in new revenue from tax hikes on the rich. the white house is giving $400 billion in savings from medicare and entitlements. there's also a request for at least $50 billion in infrastructure spending, mortgage relief, and other stimulus measures. none of this is a surprise to the republicans. this is what president obama campaigned on. it's also what republicans have been presented behind closed doors for weeks. "politico" reported on the deal taking shape behind the scenes. it includes most of the same details the white house has in its proposal. according to "politico" house republican leaders recognize president obama holds the high cards and the public is likely to blame republicans if negotiations blow up and the new year begins with a fiscal disaster. the facts didn't stop speaker boehner from claiming the white house is holding up negotiations. >> majority leader and i just had a meeting with the treasury secretary. it was frank, and it was direct. i w
cliff. it included $1.6 trillion in new revenue from tax hikes on the rich. the white house is giving $400 billion in savings from medicare and entitlements. there's also a request for at least $50 billion in infrastructure spending, mortgage relief, and other stimulus measures. none of this is a surprise to the republicans. this is what president obama campaigned on. it's also what republicans have been presented behind closed doors for weeks. "politico" reported on the deal taking...
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to avoid a fiscal cliff. cnbc's becky quick is here. what has more impact? the weekly jobless claims which have some sandy issues involved or the fiscal cliff talks? >> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead story -- one of the top stories on the front page of the "wall street journal" suggesting the president is flexible on the tax hikes, that sounds like a deal might get done. you see a gain of 50 or 60 points. gdp up 2.7% from 2%. there was concerning things when you dig into the numbers, it's all fiscal cliff all the time here, chuck. >> oh, hopefully, as you guys sa
to avoid a fiscal cliff. cnbc's becky quick is here. what has more impact? the weekly jobless claims which have some sandy issues involved or the fiscal cliff talks? >> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been...
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. >> tonight, richard wolffe on today's nonsense from republicans and where a deal on the fiscal cliff stands. and former health insurance executive wendell potter on what obama's proposed $340 billion in medicare cuts will mean for seniors. >>> vice president joe biden stumps for the middle class at a retail store that treats its workers right. i'll talk costco and fiscal cliff with steve greenhouse of "the new york times." >>> plus hostess executives tank their company and cost the people their jobs. so why are they still demanding millions of dollars in bonuses? >>> and we'll tell you how senator john mccain fits in with congressman louie gohmert's latest conspiracy theory. >> this administration sent planes and bombs and support to oust gadhafi so al qaeda and the muslim brotherhood could take over libya. >>> good to have you with us tonight, folks. republicans are walking tall in public but hanging their heads behind closed doors. john boehner struck a defiant tone during a news conference today. he blamed the president and democrats for stalling negotiations on a debt deal. >> de
. >> tonight, richard wolffe on today's nonsense from republicans and where a deal on the fiscal cliff stands. and former health insurance executive wendell potter on what obama's proposed $340 billion in medicare cuts will mean for seniors. >>> vice president joe biden stumps for the middle class at a retail store that treats its workers right. i'll talk costco and fiscal cliff with steve greenhouse of "the new york times." >>> plus hostess executives tank...
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. >> in a few moments, a discussion of house spending cuts in the so-called fiscal cliff. in a little less than an hour, more about the fiscal cliff with republican representative tom cole from oklahoma. then the head of fema testifies on capitol hill about the government's response to hurricane sandy. and later, senate debate on the u.n. treaty for the disabled. ♪ ♪ >> this weekend on c-span3's american history tv, follow harry truman easeleddest grandson to hiroshima as the city prepared to mark the bombing of the city in 1945. >> you know, everybody has their own view what happened, and i, i don't, i don't want to argue survival with anyone in japan about the history. i think we're past that. my whole purpose for being here is to listen, to honor the dead, to listen to the living and to see -- to do what i can to see this doesn't happen again. >> clifton truman daniel will join us sunday at 9 p.m. eastern on c-span3. >> now, a discussion of how the military and national security might be affected by spending cuts scheduled to take effect the first of the year. part
. >> in a few moments, a discussion of house spending cuts in the so-called fiscal cliff. in a little less than an hour, more about the fiscal cliff with republican representative tom cole from oklahoma. then the head of fema testifies on capitol hill about the government's response to hurricane sandy. and later, senate debate on the u.n. treaty for the disabled. ♪ ♪ >> this weekend on c-span3's american history tv, follow harry truman easeleddest grandson to hiroshima as the...
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the guy with whom he will have to make a deal to end the standoff on the fiscal cliff house speaker john boehner requested time on fox news to publicly declare the president's opening bid a nonstarter. >> i was flabbergasted. we're nowhere. >> treasury secretary tim geithner did the full ginsberg with taped appearances on all five shows. nothing will happen until budget tax rates and the ball is now in their court. >> the only thing that stands in the way of a deal right now is if a group of republican members decide there have been a block because they can't afford the wealthiest 2% of americans. >> how much is theater and how much are the two sides locked into positions that remain far apart? the president's plan called for higher tax rates on the wealthiest americans to the tune of $1.6 trillion over ten years along with the combination of new spending and some spending cuts. mitch mcconnell said he, quote, burst into laughter. still, the white house is making it clear until the republicans counteroffer. >> we didn't say how or how much or who should pay. >> there are a lot of items o
the guy with whom he will have to make a deal to end the standoff on the fiscal cliff house speaker john boehner requested time on fox news to publicly declare the president's opening bid a nonstarter. >> i was flabbergasted. we're nowhere. >> treasury secretary tim geithner did the full ginsberg with taped appearances on all five shows. nothing will happen until budget tax rates and the ball is now in their court. >> the only thing that stands in the way of a deal right now...
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wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli ambassador to the u.n., ron prosor, warned that the palestinians are turning their backs on peace. >> for as long as president abb
wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the...
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reporters. >> you know, the president has warned us about the dangers of going over the fiscal cliff. but his actions have not matched his public statements. members of his own party seem quite comfortable with sending the economy over the fiscal cliff. >> the speaker's remarks riled the left and provoked this response from senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> with only a handful of legislative days left on the congress's calendar before the looming fiscal cliff becomes a raw reality, will the president and house gop find a way over the latest road black and back to the bargaining table? >> why did the white house decide to have this as their opening volley when they knew the response would be a negative one that they drew? >> was it hardball opening? yeah, of course it was. the question is, what's the counteroffer? >> i would imagine there has to -- tim geithner is too smart of a guy in this administration is fille
reporters. >> you know, the president has warned us about the dangers of going over the fiscal cliff. but his actions have not matched his public statements. members of his own party seem quite comfortable with sending the economy over the fiscal cliff. >> the speaker's remarks riled the left and provoked this response from senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect, then? >> i...
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just 28 days to go before the fiscal cliff deadline, today house republicans sent the president a counter-offer, calling for big cuts to entitlement spending, and no new taxes on the wealthy. >> tom: i'm tom hudson. auto sales speed up in november, with buyers taking advantage of ultra-cheap financing to ditch
just 28 days to go before the fiscal cliff deadline, today house republicans sent the president a counter-offer, calling for big cuts to entitlement spending, and no new taxes on the wealthy. >> tom: i'm tom hudson. auto sales speed up in november, with buyers taking advantage of ultra-cheap financing to ditch
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. >>> on capitol hill today republicans and democrats squared off over the looming fiscal cliff. house minority leader nancy pelosi slammed the gop's proposals. >> that's not negotiating. that's hostage taking. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax hike and has refused to bring the democratic plan for a vote. >>> the dow fell almost 14 points. nasdaq lost 5 1/2. the s & p fell 2 1/2 points. >>> yahoo is buying another silicon startup. sunnyvale's yahoo acquired on the air today. the service enables users to hold online video chats in a talk show foremated. >>> a monstrous typhoon has killed 74 people in the philippines and the deattoll is expected t
. >>> on capitol hill today republicans and democrats squared off over the looming fiscal cliff. house minority leader nancy pelosi slammed the gop's proposals. >> that's not negotiating. that's hostage taking. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should...
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fiscal cliff, subsequent meetings that took place in the select committee. i think there is far greater optimism because there is a true crisis on hand. everything that has been compressed into time and is awaiting before us. as he pointed out, comments today were very encouraging. the president remains very focused on this. he is taking that message out. i think it will take a matter of making sure that the business community ways in, that the academic community, the labor community, and the public in general does everything at stake here. and i do believe that congress will respond in a positive way. we all have our concerns. you have heard them outlined today by the vice chair himself. i am sure the republicans have their concerns as well. but i do think and remain optimistic that there is a great opportunity here for us to succeed. not by moving away from the core values that we stand for, but by embracing what we all now we agree on. >> can i add real quickly, you had to be in the room, first, because you have to see the enthusiasm that is in there. a l
fiscal cliff, subsequent meetings that took place in the select committee. i think there is far greater optimism because there is a true crisis on hand. everything that has been compressed into time and is awaiting before us. as he pointed out, comments today were very encouraging. the president remains very focused on this. he is taking that message out. i think it will take a matter of making sure that the business community ways in, that the academic community, the labor community, and the...
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and house speaker john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt coupled with spending cuts but the republican controlled house says the president has not responded to their latest proposal. >> i think we made a good-faith offer to avert the fiscal crisis and that offer included significant spending cuts and reforms and it included additional revenue and frankly it was the balanced approach mr. president has been asking for. erick kanter announced today there will be no adjournment into a credible solution to the fiscal cliff is found. >> house lawmakers proposed a bill today they claim will bring the costs under control and provide a safe retirement, it creates two
and house speaker john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt...
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house republicans today did offer a counter proposal on the fiscal cliff. their plan, $2.2 trillion deficit savings over the next decade, but it does not include higher tax rates for the wealthy. the house speaker john boehner calls it a credible plan that deserves serious consideration by the white house. guess what? the white house released a statement tonight saying the plan is nothing new, that it lowers rates for the wealthy and sticks the middle class with the bill. so to borrow a phrase, we're nowhere. period. david walker is president and ceo of comeback america initiative. he's made it his mission to promote fiscal responsibility. he joins us along with cnn political analyst, david gergen. david walker, let me start with you. the house republicans put forward their counter proposal. speaker boehner says it's credible and the white house should consider it. is it credible or is it more of what you have called the irresponsible unethical immoral behavior of all the politicians here in washington? >> i think both sides are now putting things on the ta
house republicans today did offer a counter proposal on the fiscal cliff. their plan, $2.2 trillion deficit savings over the next decade, but it does not include higher tax rates for the wealthy. the house speaker john boehner calls it a credible plan that deserves serious consideration by the white house. guess what? the white house released a statement tonight saying the plan is nothing new, that it lowers rates for the wealthy and sticks the middle class with the bill. so to borrow a phrase,...
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members of his own party some quite comfortable with the sending his party over the fiscal cliff. two 6 ago had a comfortable conversation and the white house. i would say two thanks. despite declines the president supports a balanced approach, the democrats have it to its various a barrel spending cuts. secondly, no progress has been made in the talks over the last a of weeks. this is not a game. jobs are on the line. the american economy is on the line. this is a moment for american leadership. it is the way ticket it done until washington. a mature0 lead and a had a meeting with his secretary. it was frank and d -- it was frank and direct. we saw to find out what the president is really willing to do. i remain hopeful that productive conversations can be made it into the it is ahead. elicited a leadership team met with a risk in bull's and leadership is above the business approach the warehouse as an annoyance. i have made clear that we have made the concessions on the line by putting ravenna's up front. many democrats grow up dozens of booklets that must be part of a sensible
members of his own party some quite comfortable with the sending his party over the fiscal cliff. two 6 ago had a comfortable conversation and the white house. i would say two thanks. despite declines the president supports a balanced approach, the democrats have it to its various a barrel spending cuts. secondly, no progress has been made in the talks over the last a of weeks. this is not a game. jobs are on the line. the american economy is on the line. this is a moment for american...
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this is a so-called fiscal cliff. january 1st. our news makers representative jim clyburn of south carolina, number three democrat in the house of representatives and number one i'm sure to a lot of people. hello. how are you? >> hey, don. thank you so much for having me. >> thanks for coming on. is speaker boehner right, though? as the clock is ticking, ticking toward january 1st, the talks haven't progressed in two weeks. is he right? >> well, i don't know that i'm as disappointed as the speaker is right now. i understand some of his problem with this. but the fact of the matter is the american people ended elections on november 6th, voiced their approval of president obama's approach to this. over 3 million more people voted for him than voted for mr. romney. and then if you look at house democr democrats. only 201 of us got eelected. that means the rest were republicans. >> i understand that. >> but over 500,000 more votes than they got -- >> with all due respect, representative, we understand that the president won and you fe
this is a so-called fiscal cliff. january 1st. our news makers representative jim clyburn of south carolina, number three democrat in the house of representatives and number one i'm sure to a lot of people. hello. how are you? >> hey, don. thank you so much for having me. >> thanks for coming on. is speaker boehner right, though? as the clock is ticking, ticking toward january 1st, the talks haven't progressed in two weeks. is he right? >> well, i don't know that i'm as...
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the fiscal cliff. >>> $7 coffee. starbucks thinks you will pay. coffee connoisseurs can pay $7 for a grande cup of costa rica fincapalamara. it's called mucho deneiro. cultivated from a central american bean known as geisha. it is extremely difficult to produce. the same america who spends $7 on lottery tickets you know you won't win. you can drink this. >> would you? >> to be honest, once i would. >> sucker. $7 coffee. you need music or television or something. >> people to dance. >> yeah. it's like the $5 shake in "pulp fiction." better be a good cup of coffee. a new report says president obama is being flexible with top tax rates as negotiations intensify. will that help republicans agree to a deal? we'll be talking to republican from wyoming senator john barrasso up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or e
the fiscal cliff. >>> $7 coffee. starbucks thinks you will pay. coffee connoisseurs can pay $7 for a grande cup of costa rica fincapalamara. it's called mucho deneiro. cultivated from a central american bean known as geisha. it is extremely difficult to produce. the same america who spends $7 on lottery tickets you know you won't win. you can drink this. >> would you? >> to be honest, once i would. >> sucker. $7 coffee. you need music or television or something....
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cliff and shortly after the white house and the democrats answered that the republicans had not offered any of their own plans. is this something that's going to be able to be taken care of while you're still a representative or is it going to land in your lap when you move to the other chamber? >> you know, i hope we get it done, obviously. we want to avoid the cliff. it is a little troubling that we don't have any real plans or oers on the spending side. i think on the revenue side it's pretty clear by knew republicans are willing to give up more revenue, but we've got to see a balance. there's got to be spending cuts and if those have been offered, i'm not sure what they are. >> suarez: are you one of those members who's staked out a position on whether it has to be rates or effective revenue and not rates? >> well, i think it can be effective revenue. obviously it depends on where you put the level of deductions that can be taken. so i'd rather not raise rates at all. i think it can be done without that. but certainly additional revenue is going to be required. >> suarez: the man wh
cliff and shortly after the white house and the democrats answered that the republicans had not offered any of their own plans. is this something that's going to be able to be taken care of while you're still a representative or is it going to land in your lap when you move to the other chamber? >> you know, i hope we get it done, obviously. we want to avoid the cliff. it is a little troubling that we don't have any real plans or oers on the spending side. i think on the revenue side it's...